Friday, March 05, 2021

Q1 GDP Forecasts: Around 5.5% SAAR

by Calculated Risk on 3/05/2021 02:32:00 PM

From Merrrill Lynch:

We continue to track 5.5% for 1Q GDP tracking. [Mar 5 estimate]
emphasis added
From Goldman Sachs:
We left our Q1 GDP tracking estimate unchanged at +5.5% (qoq ar). [Mar 5 estimate]
From the NY Fed Nowcasting Report
The New York Fed Staff Nowcast stands at 8.6% for 2021:Q1 and 4.0% for 2021:Q2. [Mar 5 estimate]
And from the Altanta Fed: GDPNow
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2021 is 8.3 percent on March 5, down from 10.0 percent on March 1. [Mar 5 estimate]